Global gas prices continue to rise in 2026, but set to fall 40% by 2029 — ministry
AI Summary
Global natural gas prices are projected to continue rising in 2026 amid ongoing drought conditions, the closure of the Strait of Hormuz, and damage to critical LNG infrastructure in the Middle East. However, prices are anticipated to fall by 40% by 2029 according to the ministry forecast.
In 2026, natural gas prices continue to rise amid a global drought, the closure of the Strait of Hormuz, and damage to key LNG infrastructure in the Middle East
World Markets Commodities Energy natural gas global prices drought Strait of Hormuz LNG infrastructure Middle East